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was reading this morning, going off the fiscal cliff was a bungee jump. we go over and the markets collapse. it's amazing that's what we have to get to. >> here's what we know. washington only reacts when there is a crisis. jackie is right. the staff is working behind the scenes to get something done. there is no question about it, the president and congressional democrats have the upper hand and speaker baner is weakened by this. he only wants the plan b vote. he was only 20 votes short. those were folks that from an ideological standpoint are against raising any taxes whatsoever. it's less than a week and a half or so, a more mod ralt congress and they hope that the new folks that are coming into the congress will be a little bit more moderate and the process maybe will put something over the top. >> you have seen the stories about the death of the tea party and they don't have it as important as they did. >> they are very vocal. >> they are important when you have a system of government in the house where you have to pass things. the majority itself. the majority of the majority. that wa
stories coming out of d.c. just less than two days to go until we go over the fiscal cliff and we are hours away from the redskins-cowboys game for the nfc east title. >>> good morning. i'm melanie alnwick. we are all over both stories. we will have a live interview on the latest on the fiscal cliff negotiations and hear from the big skins players this evening. what will the weather be like at kickoff? we have run the gamut when it comes to mother nature in recent days. many parts of our regions saw snow as well as snow and slush made it difficult on some of the roads. fast forward and here's how things are looking out right now. much of the snow and slush gone but it is windy and cold out there. gwen tolbart has the latest on the weather. [ no audio ] [ no audio ] >> can you hear me? where we've got the satellite radar composite and you can see where all the snow has moved off to the northeast and headed to the canadian maritime. here at home, things are different. clouds rolling in across the area but we will see clear skies into the course of tonight. not bad with a few clouds
it clean. tweet us at squawk street. we've got your responses throughout the morning. fiscal cliff definitely has to go. >> i can't wait for hash tag to go away. >> we'll start hearing about the debt ceiling in two months. >> a ban on 2013's list. >> have a great new year. >> you as well. i have no special plans. i have a 3-month-old daughter -- >> that's very special. >> i'm prohibited from going anywhere. we have dinner reservations about 4:30 p.m., though. >> early birds. >> happy new year. >> same to you. >> presidents of americans for tax reforms, grover norquist ond how his tax pledge has played a role in the cliff negotiations. we're back after a quick break. my eye on her... t but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> we are hours away from the fiscal cliff itself. when a series of automatic tax hikes and spending cuts will take place in this co
. on to the fiscal cliff this morning. the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with him. or perhaps if he wants to visit with anybody else. the consensus seems to be if you get some sort of a deal, it's obviously not going to be the big deal. it will simply be something that extends the tax cuts for the vast majority of americans, at least those earning less than $250,000 a year. the consensus seems to be, carl, that if we don't get a deal by the second or third or fourth week, the super bowl week, we'll start to feel it in the economy. >> we had a notable sell-off. there is typically a bias on christmas eve, but the worst christmas eve performance for t
to this morning's squawk on the tweet. in addition to the fiscal, milk, and wind farm cliffs what other cliffs are you worried about? chuck ls writes i'm terrified of the mcrib cliff. what will we do without that amazing sauce and processed pork? >> happens all the time. >> the estate tax cliff. will have to die within next three days to beat it. c. i writes, my name is cliff. i'm worried about me. can you imagine? >> being run over by the milk trucks and the containers. >> yeah. you got a busy night tonight talking a lot about what happens at 3:00. >> given the meeting is at 3:00 and will take a certain amount of time if they come out and start talking we could really see some whip saw action. keep in mind futures markets are still open after 5:00. these are all markets we'll be watching in response. when we come in on monday we could actually be talking about a deal. >> harwood is tweeting, gop budget source updated the duration of a potential mini deal harwood saying 60 to 90 days not 30 to 60. >> wow. >> 60 to 90 days. we go into march. >> right. >> and not have anything. >> that is recess
." in the headlines this morning, as the fiscal cliff approaches congressional leaders are set to meet with president obama at the white house this afternoon. got that going for us. news of the meeting helped u.s. stocks come well off their lows yesterday. but major averages are still coming off four consecutive losing sessions. and a threatened strike could idle more than 14,000 long shoremen this weekend. the 15 east coast courts involved in a labor dispute handle about 40% of the nation's cargo. the union contract prior one expired back in september. a 90-day extension ends this sunday. and a judge best known for his involvement in insider trading cases is handed down a ruling in a very different type of case. you know this guy? judge rakoff has reaffirmed that sly stallone did not copy someone else's screenplay for his 2010 movie "the expendables." he basically copied his rocky screen play from somebody else -- no, that's a joke. he didn't do that. i could probably get in trouble for saying that. >> we should have him on. >> i don't know, can judges come on tv? >> i don't think so. >> some descri
the fiscal cliff. negotiations have stalled. when congress meets this morning, can they get a hail mary deal? >> if we go over the cliff, you're going to feel it right away. what happens to your paycheck and when just ahead. >> good morning. i'm ali velshi. >> and i'm christine romans. >> and i'm sanjay gupta. good morning. soledad is off. it's monday, december 31st, 2012. >>> our starting point this morning, hillary clinton expected to ring in the new year from a hospital bed. secretary of state was admitted to a new york city hospital because of a blood clot. it was discovered while doctors were performing a follow-up exam they say was related to her concussion. the state department says clinton suffered that concussion earlier this month. the location of the clot has not yet been disclosed to us. doctors are closely monitoring mrs. clinton. cnn's jill dougherty is live in our washington bureau. jill, you and i have been talking closely this morning, but have you learned any more about her condition or anything from her doctors? >> reporter: no, we've been asking, but so far no updates. th
, there's only one main story this morning. it's a familiar one. the looming fiscal cliff. aides for both parties now saying a partial agreement or patch probably the most that we can be expecting before january 1. >> i think we're dealing now with whether or not we can put off the -- the increase in tax rates. that's really all we can deal with now. >> the next session of the senate is now set for tomorrow. the house has nothing on its schedule for this week. members have been told they could be called back within 48 hours' notice. meantime, and this i guess is also the big news, the white house saying the president's going to be flying back from vacation in hawaii today. a lot of people making something of that. i don't know what it means ultimately. >> well, one thing it means -- >> a show of something. >> if i had to get back from hawaii at a minute's notice, you know what it would be. the president will have an easier time of it, i think. right? >> i noticed a couple of news reports saying the cost of the last-minute flight is about $250 -- >> he's the president, he's allowed. he's n
is probably happily off at this point. in studios with his,000s on the market and the fiscal cliff this morning, jason trennert. >> that tie. >> he's got the red tie. >> santa tie. >> take a look at the futures, see how this half day of trading is setting up. looks like the dow will open down about 18 points, s&p 500 will be off about three points and the nasdaq off close to 10 points. let's get you through some of the quick morning headlines. it is an abbreviated trading day for u.s. stocks ahead of the christmas 408 day. trading ends at 1:00 p.m. eastern time. japanese stocks did not trade today and the german and italian markets were among those in europe taking the day off. the uk was open. mexico's grupo bimbo -- >> it's right. >> grupo bimbo reportedly considering a bid for the hostess snack take. grupo bimbo -- >> that gets you, doesn't it? you're like in fourth grade. >> because it's -- i can't even -- >> because it says bimbo? >> i can't -- >> it's mexican, andrew. >> i know. >> you can't even get through the story because it says bimbo? >> it's been a tough morning. >> i'
are desperately trying to reach a deal on the fiscal cliff today, hoping to avoid steep spending cuts and tax increases. kristin welker is at the white house where the president had a high-profile meeting with congressional lawmakers on friday. good morning. >> reporter: carl, good morning to you. all eyes are on the senate this morning as majority leader harry reid and minority leader mcconnell true to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can come up with a plan in time. on friday, president obama met with the four top congressional leaders here at the white house for about an hour. sources close to those talks say that the president gave lawmakers two options, either come up with a plan that can make it through both chambers or put his proposal up for a vote. under the president's plan, the bush-era tax cuts would be extended for those making $250,000 or less with rates allowed to raise on top income earners. it would also extend unemployment insurance benefits. president obama saying the time for action is
. >>> right now, we want to turn to the fiscal cliff negotiations in washington. this morning there is cautious optimism from both sides that a deal of some sort can be reached. kristin welker is at the white house with the latest. good morning. >> reporter: erica, good morning to you. the focus is on the senate this saturday morning as majority leader harry reid and minority leader mitch mcconnell try to cobble together a last-minute plan. meanwhile, on friday president obama said america's patience has almost run out. with steep tax hikes and deep spending cuts looming, president obama used the power of his office to turn up the pressure on congress, making a quickly arranged appearance in the white house briefing room friday. >> the hour for immediate action is here. it is now. i'm modestly optimistic that an agreement can be achieved. >> reporter: the president repeatedly tapping into the public's frustration to bolster his argument. >> the american people are not going to have any patience for a politically self-inflicted wound. ordinary folks, they too their jobs. the no
with as you probably know. the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news tomorrow night? >> the nikkei continues its 21-month run. how much is the boj willing to put up with? >> looking a at potential strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to tr
and will continue this morning. as washington teeters on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> reporter: the republican and democratic senate leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears that there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: and with that, vice president biden has now emerged as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on
. alina. >> barbara starr, thank you. >> hope is fading fast this morning for a fiscal cliff compromise. eight days left until we go off the edge. with the president and congress on holiday hiatus, things looking bleak. listen to joe liberman on yesterday's "state of the union." >> i think it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in american history. >> white house correspondent brianna keilar is traveling with the president and joins us live from honolulu, hawaii, this morning. i'm talking to republican and democratic sources and they really feel like we're going to go over the cliff. what are you hearing? >> i'm hearing it's a very real possibility, and as you're hearing, they aren't even really talking, democrats and reyou public i had cans, the white house talks to senate democrats, but at this point, the white house is not in any real substan tiff conversations with both house republicans and senate republicans as all eyes turn to t
later on this morning. >> as washington lawmakers continue efforts to solve the fiscal cliff, what's at stake for muni bonds. the bling's the thing. $14 million worth. a look inside the ultra-exclusive tiffany salon straight ahead. >>> about an hour into trading here. some of the stories we're squawking about here. shortened day of trading today. the stock market will close at 1:00 p.m. eastern. gold will close at 12:30. facebook is accused of dodging taxes in the uk. the london "times" said they tried to hide taxes. a tablet for under $100, the journal said acer selling a $99 tablet next year. similar to the amazon kindle fire and barnes & noble nook color. >> by now, we all should certainly know about the fiscal cliff, shouldn't we. but there's another so-called cliff that's getting people's attention. brian shactman has more. >> some calling it the container cliff. negotiations broke down late last week. that could be bad news from massachusetts to texas. if there's no deal, several thousand dock workers could walk off the job at 15 ports at 12:01 a.m. on december 30th. this inc
're a commodores guy? >> no, i'm not. >> you're not? >> no. >> the fiscal cliff topping our headlines this morning. speaker john boehner urging the senate to come up with a passable debt solution, promising to at least consider any bill the uper chamber produces. senator harry reid to continue tax breaks for households with incomes below $250,000. the senate bill would also likely contain an extension of expiring unemployment benefits. the fiscal cliff is not the only ticking clock in washington. in a letter to congress treasury secretary tim geithner said the u.s. would hit the $16.4 trillion ceiling on monday. without extraordinary measures geithner announced that the treasury would begin accounting moves that would keep the government from hitting its credit limit for about two months. the treasury secretary warning that it's hard to predict exactly how much time the accounting moves will buy, because ongoing cliff negotiations make it hard for them to forecast revenue and spending for next year. >>> housing prices, some good news. on track to record their first yearly gain since 2006. it's a f
paycheck. the fiscal cliff almost here, but the effects are very real and starting already. >>> good morning. welcome to "early start." i'm ali velshi. >> i'm christine romans. >> and i'm dr. sanjay gupta. >> good morning. hilary clinton has been admitted to the hospital for a blood clot, it is believed to be related to a concussion she suffered earlier this month. she will be hospitalized for 48 hours for hospitalization. she had just been cleared to return to work. what's going on here? jill daugherty has been following developments for us. live in the washington bureau. we're hearing 48 hours and seem to be saying it's not that serious. what are you hearing from the doctors? >> well, at this point, it's not really that clear. in fact, there was a statement coming out of the state department from phillip ryans, indicating the lack of clarity about this. he said her doctors will continue to assess her condition, including other issues associated with her concussion. they will determine if any further action is required." now, those other issues associated with her concussion, that's
apart. on their demands to prevent a fiscal cliff that will take a lot of negotiating to reach a deal. >> the american people know what's at stake here, we have a tenuous recovery, we have more people going back to work now, businesses are a little more confident. but this is really important, this fiscal cliff is an important element in economic recovery, i hope we get it done. >> across the aisle. republican congressman, tom cole says a deal, any deal will be hard to get done. >> there's not enough revenue in this package to fix the fiscal problems for the country. we're going to be in hand to hand warfare beginning in january with the continuing resolution the debt ceiling to try to deal with spending issues. >> continued uncertainty about tax and spending policies in 2013 could result in another recession. frustration seems to be the operative word tonight. if no fiscal cliff deal is reached, most everyone's taxes will go up tuesday with deep spending cuts kicking in. earlier i spoke with a democratic and republican strategist. they seemed to echo the sentiment of the voters. >> t
republican and democratic leaders to try to fine an agreement on avoiding that fiscal cliff. fox5's sherri ly is live at capitol hill now with the latest. good morning, sherri. >> reporter: good morning, wisdom, good morning, tony. they are getting ready for the inauguration here at the white house. before that happens, the president and congressional leaders have some work to do. they'll meet today at the white house to try and reach a deal on that so-called fiscal cliff. if that happens, it would trigger increases and massive spending cuts, likely sending the country back into recession. the president called the top four congressional leaders late last night. they'll meet at the white house this afternoon, trying to find a way to avoid that fiscal cliff. the house won't return to work until sunday evening and republican leaders say they could be in session until january 2nd, the day before the new congress is sworn in. democratic leaders say congress owes it to americans to be back at work, and republican leaders say it's senate leaders who have failed to act. both sides are blaming each ot
at the white house to avoid the fiscal cliff. we'll bring you the latest developments on that any minute now. >> also, we'll check up on health care, one of the year's best performing sectors. we'll find out if it's going to run out of steam in the new year and name some names for you coming up. >> and later on, big sky, big jump in estate taxes if congress fails to reach a deal on the cliff. we'll talk to a montana rancher who is pretty upset. coming up, montana's governor brian schweitzer is going to weigh in. >> looks like the meeting may have broken up. there goes nancy pelosi, and we are told now house speaker boehner may have already left, and, no, they are not talking to reporters. nancy is looking for her car to leave the white house, and we're not getting anybody talking to the reporters at this point, so maybe we'll get some -- and i'm told now the futures market in the after-hours pegs is extending the losses that we've been seeing in the last hour of trade. maybe we'll get eamon javers to get in front of the camera when we come back. stay tuned. [ male announcer ] at scottrade, w
, as jessica said, the oddsmakers are definitely seeing the fiscal cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that what happens here in washington, is that nothing really happens until they're really up against the deadline. that's why i'm also told by some democrats who really know what the process is going to be, if there is one, that they don't even see this potentially happening, if there is any kind of legislation that goes before december 31st, until probably that day, december 31st, because the pressure will have to be on to get enough republicans in the house and the senate, to pass this. >> right up to the edge. thank you, dana. thank you, je
to the fiscal cliff. five days away from the tax hike. as you probably know, the president pulled the plug on his holiday trip to hawaii and arrived back in washington after 11:00 this morning in hopes of locking in taxes as they are right now for all but the wealgyest 2 percewealgy e wealthiest 2%. the house is telling us no, that is not the case. i got jessica yellen standing by and we have dana barb who is standing by and they are there on capitol hill. what is the mix up between sending a plan and not sending a plan by the president? >> hi, john. the bottom line is both sides want to take action and before senat senator mcconnell decides whether to filibuster the measure and whether the other republicans in the party will filibuster, they have to see the details in the proposal. will there be an estate tax provision? how will unemployment which is expected to be extended? will it be paid for? what spending measures will be in this and spending cuts, etc. there will be more details spelled out and where will that come from? will it come from a phone call and staff here at the white hous
to vote tonight as us technically going over the fiscal cliff is something that they recognized in the senate. and i also think that for senate republicans and even some democrats, it's not as much of an issue to be able to take home politically the idea of voting for a tax cut as opposed to a tax increase which the house would be doing tomorrow. also just the idea of momentum. they've got the momentum. they don't want to blow it if they've got it. >> you know this well. a lot of democrats especially liberal democrats, they're not happy that the president raised that $250,000 threshold to $450,000 since he had spoken of the $250,000 figure for months and months and months. ran his re-election campaign on it. >> and won. and there was a rebellion today among democrats in the morning. tom harken went on the senator floor and said he did not like the deal that was emerging. i don't know if that caused them to go back into the room and change some things or if some democrats just didn't know what the details were. but it took a lot of convincing by the white house, there were confer
Search Results 0 to 22 of about 23